In total, foreign countries advanced a total of Sh758 billion ($7.58 billion) to the government during the period under review.

The Chinese loan surpassed the International Development Association and International Fund for Agricultural Development facilities for the first time.

The multilateral institutions advanced the government Sh518 billion ($5,181.44 million) for the period ending December 2017.

“The external public debt stock increased by Sh42.5 billion ($4,253.0 million) from Sh185 billion ($18,504.5 million) on December 2016 to Sh227 billion ($22,757.4 million) by end of December last year,” the Treasury report indicated.